XLI Technologies Inc. (fka XLIT)

[rawman]

The latest announcement yesterday said due to technical accounting problems the reports will not be ready until beginning of December.

How classic is this??? On October 12, 2018 James Schramm distributed a Company-authored PR to say the annual AUDITED financial statements would be transmitted by October 31, 2018! Putting together an AUDITED annual report takes time and money! For example, any SEC-reporting company is given a minimum of 90 days to produce an annual report and XLIT is missing three of them! As of October 12, Schramm should have known XLIT's status!

Now, less than three weeks later, the reports have been delayed for at least another 30 days! If Schramm was "clueless" with 18 or 19 days to go, how could he possibly know what will happen 30+ days down the road? BTW...to actually be deemed current, not only are the audited annual reports due, i.e. the SEC Forms 10-K, but the missing quarterly reports, i.e. the SEC Forms 10-Q, also need to be transmitted to the SEC. XLIT is now missing three 10-K's and seven or eight 10-Q's. I know of a OTCQB company that took 18 months to accomplish a similar update! In this particular case the cost approached $200,000! There is no way in hell XLIT is ever going to pay $200,000 to get current!

IMO...XLIT WILL NEVER FILE ANOTHER SEC QUARTERLY OR ANNUAL AUDITED FINANCIAL REPORT!

I would speculate that XLIT could easily choose to voluntarily de-register with the SEC, thus walking from all of its SEC reporting obligations and the investor protections afforded by the SEC. It becomes a "free-for-all" and the company commonly reports basically nothing to its investors! We shall see!